19 Jul 2012 7:10 PM:
Good afternon JayTB
As jaldridge says, a “subrogación” would be much more profitable as it would be easier and more cost-effective than selling. By “subrogación”, the individual liable to pay the mortgage instalments transfers his/her obligations to a new individual i.e. the purchaser who in turn substitutes the former.
In relation to any capital gain arising from the sale, you would only be liable to pay Spanish CGT on the assumption that the purchase price exceeds the price for which the property was initially acquired.
Please do not hesitate to contact us in case you need further advice (see our firm’s details below).
This message was last edited by scornikgerstein on 19/07/2012.
Thread:
Selling my property to my UK business partner
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